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4th Dec 2024 17:26USDaily Monitor

  • Continuing claims data, after revisions, are a good guide to the trend in short-term unemployment...
  • ...But unemployment is more broadly defined and is subject to large sampling error; noise can dominate.
  • Residential construction payrolls look likely to plunge, given the ongoing slump in homebuilding.

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Keywords for: 5 December 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence